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Enable Midstream Reports $119 MM Distributable Cash Flow In Q3
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Enable midstream reported its Q3-2016 data. The company reported distributable cash flow of $119 million vs a loss of $985 million in the same quarter last year.
Project Updates
In October 2016, Enable entered into a new 10-year gas gathering and processing contract with one of the most active producers in the STACK play. This new contract replaces an existing contract with a POP processing arrangement, reduces Enable’s commodity exposure and increases Enable’s acreage dedications in the play by 61,400 gross acres with rates that support continued capital deployment at returns consistent with the partnership’s objectives. Additionally, in the third quarter of 2016, Enable extended interstate transportation contracts expiring in 2017 with Laclede Gas Company through 2020 on Mississippi…
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